AbstractRecent decades have seen substantial changes in patterns of biodiversity worldwide. Simultaneously, climate change is producing a widespread pattern of species’ range shifts to higher latitudes and higher elevations, potentially creating novel assemblages as species shift at different rates. However, the direct link between species’ turnover as a result of climate‐induced range shifts has not yet been empirically evaluated. We measured rates of species turnover associated with species’ range shifts in relatively undisturbed montane areas in Asia, Europe, North America, South America, and the Indo‐Pacific. We show that species turnover is rapidly creating novel assemblages, and this can be explained by variable changes in species’ range limits following warming. Across all the areas we analyzed, mean species’ turnover was 12% per decade, which was nearly balanced between the loss of existing co‐occurrences and the gain of novel co‐occurrences. Turnover appears to be more rapid among ectothermic assemblages, and some evidence suggests tropical assemblages may be responding at more rapid rates than temperate assemblages.